The new phase continues the founding successes and continues its flourishing path based on the legacy of glories
Under the leadership of Mohammed bin Zayed, the UAE consolidates its global economic position
The UAE, under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, is entering a new phase of economic and development achievements, as the country continues the approach of economic diversification based on diversifying the country's resources, industries and sectors in line with the requirements of the present and the future.
The new economic phase comes as a continuation of the founding successes established by the late Sheikh Zayed bin Sultan Al Nahyan, may his soul rest in peace, and the outstanding economic achievements that came during the era of the late Sheikh Khalifa bin Zayed Al Nahyan, may God have mercy on him, to continue the prosperous march based on a legacy full of glory .
The country is consolidating its position in the global economy scene, based on the visions of the President of the State, and out of a deep belief and absolute conviction in the importance of the pivotal role played by the UAE, especially with regard to supporting global initiatives and programs aimed at strengthening and developing the economies of the world.
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, was keen to emphasize, during his meetings and contacts with world leaders, the UAE's keenness on energy security in the world and the stability and balance of its markets, which is reflected in the balanced UAE policy in the field of energy, which takes into account the needs and requirements of the world, and appreciates Global international efforts aimed at maintaining the market and the balance between supply and demand.
energy markets
The UAE has strengthened its global economic position, with the support of His Highness, as he stressed during previous statements that “the UAE, being one of the leading countries in global energy markets, and an active partner in efforts to ensure energy security, is keen to diversify energy and allocate a growing share of clean energy, This ensures a secure future for future generations, and promotes economic growth.”
His Highness Sheikh Mohamed bin Zayed Al Nahyan supported the UAE’s strategy to achieve climate neutrality by 2050, which is the culmination of the UAE’s efforts to contribute positively to the issue of climate change, and work to transform challenges in this sector into opportunities that guarantee a bright future for future generations, which is what It comes in line with international efforts in this regard.
His Highness stressed, during the strategy announcement last year, that "the UAE continues its active and influential role globally in the issue of climate change, its support for climate action efforts, and the strengthening of international cooperation to benefit from all economic and social opportunities." His Highness' speech embodied the UAE's keenness to enhance its international position in efforts To support overcoming the challenges caused by climate change, and taking into account the environmental requirements in the country's economic projects.
world economies
And based on His Highness’ vision of the importance of supporting the economies of the world, especially after the repercussions of the “Covid-19” pandemic, His Highness met with a number of prominent economic officials in international organizations and institutions. global impact.
His Highness' participation in the extraordinary G20 Leaders Summit, held in 2020, embodies the great role of His Highness, and his visions regarding the importance of coordinating global efforts and intensifying joint cooperation and solidarity to combat the Corona pandemic, and limit its humanitarian, health and economic impacts on peoples and countries around the world.
His Highness had stressed during his participation in this summit, that "economic success, commercial growth and advanced industries are meaningless, if we fail to protect people and preserve their dignity," noting that "what increases the importance of international cooperation in confronting this virus is that its negative effects do not stop." On the health side only, although it is the most dangerous and most painful, but it extends to many other aspects, the most important of which is the economic side.
Global gatherings and international platforms are one of the initiatives that received special support from His Highness the President of the State, as His Highness sponsored a number of international events held in the country, including the activities of the World Energy Forum, which is a very important platform for policy makers aimed at accelerating the energy transition in the context of urgent need. To meet the leaders of the energy sector in the world in facing the challenge of climate change.
During the coming period, the UAE will consolidate its prominent international position and presence in the global economic scene, based on three main pillars represented in supporting joint international efforts to achieve international economic achievements, providing all the capabilities and ingredients that the state possesses and employing them to support global efforts, in addition to ensuring the alignment of local targets with Global targets, especially with regard to sustainable development goals.
• The UAE is keen to diversify energy, and allocate a growing share of clean energy.
• Continuing the approach of economic diversification based on diversifying the state's resources, industries and sectors, in line with the requirements of the present and the future.
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